Director Identification Numbers (DINs) – Important dates – Corporate/Commercial Law
Australia:
Director Identification Numbers (DINs) – Important dates
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As part of the Federal Government’s “Modernising
Business Registers” (MBR) program, it introduced a requirement
that all directors apply for and hold a Director Identification
Number (ID). This number is unique to each
director and will be registered to that director for life.
I am an existing Director – when do I need to
register for an ID?
Directors who were appointed on or before 31 October 2021 still
have until 30 November 2022 to apply.
I have recently been appointed a director – when
do I have to register for an ID?
Directors who were appointed for the first time between
1 November 2021 and 4 April 2022
must apply for a director ID within 28 days of
their appointment
What is changing on 5 April 2022?
From 5 April 2022, any director who is
appointed for the first time must apply for a director ID
before they become a director.
If, however, a person was a director of any company as
at 31 October 2021, they still have until 30 November 2022
to apply, even if they became/become a director of
another company after 1 November 2021.
How do I apply for an ID?
The easiest way to apply is through a person’s MyGov
account. (If a director lives outside Australia, they will need to
apply with a paper form and provide certified copies of their
identity documents).
Directors will need their TFN, residential address (as held by
the ATO) and appropriate documents to verify their identity.
It is important that all directors are aware of this new
requirement.
Applications are processed by the Australian Business Register
Services (ABRS), and their website contains
further information.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances. Madgwicks is a member
of Meritas, one of the world’s largest law firm
alliances.
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